GAMCO Investors
From Wikipedia, the free encyclopedia
GAMCO Investors, Inc formely known as Gabelli Asset Management Company is a widely recognized provider of investment advice and brokerage services to mutual funds, institutional and high net worth investors is listed on the New York Stock Exchange under the symbol GBL. The company was founded by Mario Gabelli. The company made a Public offering (IPO) in 1999; Mario Gabelli owns a 50% stake and Bill Gates owns 13%.
[edit] Controversy
In March 2006, [1]a judge determined Mario Gabelli had unfairly prevented a long time investment partner and Mario's former lawyer Mancheski and Perlmutter from selling their shares in Gabelli Group Capital Partners. In the settlement Gabelly pays the couple $100 million that would amount to a total of 2.1 million Gamco shares, currently worth about $80 million, and more than $20 million in cash.
[edit] Reference
[edit] References
- ^ Sorkin, Andrew Ross. "Gabelli Settles Investor Suit for $100 Million", The New York Times, 2006-05-05, p. Late Edition - Final, Section C, Page 3, Column 3,. Retrieved on 2006-05-30.
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